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Central Bank Of Curacao & Sint Maarten Announces Bond Issue For Sint MaartenS Investment.

NA
SPA
ND
UD
Source: SMN-News 25 Oct 2023 11:55 AM

PHILIPSBURG:--- The Central Bank of Curaao aND Sint Maarten announces the issuance of a significant SPArty/23/national-alliance'>NAF 60,854,000 boND to Sint Maarten over a 20-year period. Leveraging the current Dutch yield curve, with an interest rate of 3.418% as of October 19, this fiSPArty/23/national-alliance'>NAncing represents a crucial milestone in the country's developmental journey.

The Ministry of FiSPArty/23/national-alliance'>NAnce has been working diligently to execute this critical step by providing a tranSPArent explaSPArty/23/national-alliance'>NAtion of the various local investments, the future impact on bUDgets, aND the uNDerlying value of the investments being made. These fuNDs will now empower Sint Maarten to uNDertake essential initiatives, inclUDing but not limited to:

Renovation of various Sports FacilitiesExpansion aND reconstruction of the John Larmonie Center aND the Philipsburg Cultural aND Community CenterCompletion of the Prins Willem AlexaNDer SchoolHard surfacing of various dirt aND main roadsDutch Quarter Road Development programExpansion of the sewage network, co-fiSPArty/23/national-alliance'>NAnced by the Trust FuND aND the NetherlaNDs.Improved software & hardware for various departments within Government.

Notably, this marks the first such infusion into Sint Maarten's infrastructure since 2014, highlighting the commitment to strengthen the SPArty/23/national-alliance'>NAtion's long-term prosperity.

"The boND issuance is a testament to our unwavering dedication to Sint Maarten's growth aND development," stated the Minister of FiSPArty/23/national-alliance'>NAnce. "With these fuNDs, we aim to enhance the quality of life for our citizens, foster community engagement, aND lay the fouNDation for a sustaiSPArty/23/national-alliance'>NAble aND resilient future."

This development sigSPArty/23/national-alliance'>NAls a renewed era of progress aND prosperity for Sint Maarten, reaffirming the SPArty/23/national-alliance'>NAtion's resilience aND determiSPArty/23/national-alliance'>NAtion to build a brighter tomorrow.


National Alliance [NA] mentioned 12 times
St Maarten Patriotic Alliance [SPA] mentioned 5 times
New Direction St. Martin [ND] mentioned 22 times
United Democrates 2018 [UD] mentioned 2 times
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